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i have the greatest respect for jack lew. i know him as a man exceptional judgment, calm under pressure, with an extraordinary record of experience over decades spent at the center of american economic policy. he is committed to defending the safety net for the elderly and poor. he understands what it takes to create the conditions for stronger economic growth and broader economic opportunity. and he understands that to govern responsibly, is to govern with the recognition that we have limited fiscal resources. now like jack, i've spent my professional life in this world of public policy and public service, and as all of you know, our families carry a large share of the burdens we assume in public life. and i feel incredibly fortunate that my wife, carol, and my family, have been willing to allow me to do this. and i thank them for their support and their patience and i understand their occasional impatience. i want to express my admiration and my appreciation for the women and men of the treasury department. those who came t
i have the greatest respect for jack lew. i know him as a man exceptional judgment, calm under pressure, with an extraordinary record of experience over decades spent at the center of american economic policy. he is committed to defending the safety net for the elderly and poor. he understands what it takes to create the conditions for stronger economic growth and broader economic opportunity. and he understands that to govern responsibly, is to govern with the recognition that we have limited...
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jack lew has a clean slate. let's hope he uses it to get america out of this hole. before we go tonight, let's look at the day on wall street. it was a winner of a session today once again, this market wants to go higher and it did. up 80 points on the industrial average. the nasdaq up about 16 points, technology, one of the winning sectors and the s&p higher by better than 11 points. that will do it. hope you follow my on twitter and google plus. have a fantastic night. i'll see you tomorrow. but first, stay with cnbc. here's "fast money," it begins right now. >>> live from the nasdaq market site in new york city's times square, i'm melissa lee. banking on financials. wells fargo kicks off earnings season tomorrow. will the banks be big winners again in 2013? lumia lift? nokia surges on better than expected sales. should you be buying the hype? and debt threat. the queen of wall street gives her take on how the debt ceiling debate will effect your bond portfolio. first, our top story. stocks jumping to five-years highs. so, we ask, were you a buyer or seller today?
jack lew has a clean slate. let's hope he uses it to get america out of this hole. before we go tonight, let's look at the day on wall street. it was a winner of a session today once again, this market wants to go higher and it did. up 80 points on the industrial average. the nasdaq up about 16 points, technology, one of the winning sectors and the s&p higher by better than 11 points. that will do it. hope you follow my on twitter and google plus. have a fantastic night. i'll see you...
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we'll talk to you about if you're feelings of jack lew in a moment. on the deal that we did. you see everybody's taken the zeros off of what we owe and everybody's seen that now. i guess we're making $23,000 a year, we're spending $38,000. so we're adding $16,000 to our credit card bill every year. and we already owe $160,000 on our credit card bill. and the fiscal cliff deal cut $38 off of our expenses or something when you take everything off. is that -- >> actually worse than that. >> how can it be worse? >> actually our cliff bill was an absolute embarrassment to the united states of america. let me clarify. if we had gone over the cliff, it would have been an "f." and a total failure of our system. but when you analyze the bill, it was an "f" on spending. we actually increased spending. we didn't reduce 13e7bding. we increased spending. >> all the democrats tell me that there was already a trillion dollars of spending cuts that -- i didn't -- >> that was from august 2011. okay, but what i'm saying is, if you just look at this bill in isolation, it increased spending. it
we'll talk to you about if you're feelings of jack lew in a moment. on the deal that we did. you see everybody's taken the zeros off of what we owe and everybody's seen that now. i guess we're making $23,000 a year, we're spending $38,000. so we're adding $16,000 to our credit card bill every year. and we already owe $160,000 on our credit card bill. and the fiscal cliff deal cut $38 off of our expenses or something when you take everything off. is that -- >> actually worse than that....
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lew, and he trust jack lew. if you look at all of these cabinet appointments that we've seen and some to come, it is about the president's comfort level in the second term. >> he was just re-elected, he's the president of the united states. he deserves to be comfortable. if you can hold on, we still haven't received that famous two-minute warning. we'll take a quick two-minute break and be right back. where is flo? anybody know where flo is? are you flo? yes. is this the thing you gave my husband? well, yeah, yes. the "name your price" tool. you tell us the price you want to pay, and we give you a range of options to choose from. careful, though -- that kind of power can go to your head. that explains a lot. yo, buddy! i got this. gimme one, gimme one, gimme one! the power of the "name your price" tool. only from progressive. >>> we waiting for the president of the united states to walk into the east room of the white house. we'll show you a picture now. he's going to nominate jack lew as white house chief of st
lew, and he trust jack lew. if you look at all of these cabinet appointments that we've seen and some to come, it is about the president's comfort level in the second term. >> he was just re-elected, he's the president of the united states. he deserves to be comfortable. if you can hold on, we still haven't received that famous two-minute warning. we'll take a quick two-minute break and be right back. where is flo? anybody know where flo is? are you flo? yes. is this the thing you gave my...
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jack lew understands budgets. the fact of the matter is, this is a guy that can speak the right language when the biggest crisis in washington right now is the fact that there's an absence of a budget. >> okay. so, ali, that's a great point. when i heard you talk about this before it was the one thing that you said that i kind of disagreed with. look, we have a fiscal crisis on our hands, we have a debt crisis. if you look at his performance in the last few years in terms of running the budget office and being the chief of staff for the president, the debt crisis has gotten much worse. i don't look at that reference and say, gee, this is a guy who is really going to fix the problem and i do think what we need in washington is he's been in washington in and out of government for 25 years and i guess my philosophy is, why not bring in some new faces, granted they are going to have the president's philosophy but maybe looking at new approaches to bringing this enormous debt down. >> steve, do you remember his record
jack lew understands budgets. the fact of the matter is, this is a guy that can speak the right language when the biggest crisis in washington right now is the fact that there's an absence of a budget. >> okay. so, ali, that's a great point. when i heard you talk about this before it was the one thing that you said that i kind of disagreed with. look, we have a fiscal crisis on our hands, we have a debt crisis. if you look at his performance in the last few years in terms of running the...
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i believe in the end jack lew will get confirmed. but i'll tell you this, the reason the white house put off the announcement of jack lew until tomorrow is because of the fiscal cliff. they didn't want it to get involved in the negotiations for the fiscal cliff. they felt that they already had a fight on their hands. they didn't want to add any fuel to the fire on that, which is why they've held off of the nomination until this week. they do expect him to get confirmed and so do i. >> john kerry, secretary of state. we've got a lot of white males, shall we say, chuck hagel, we have pictures up there. jack lew, eric holder is over at the justice department. he's not a white male. he's an african-american. but no women. >> men. men. >> i want to put up another picture of the seen yr staff, if you will. there you you he sue the staff. there's been mur muring that there's not enough women part of this white house, the inner circle. what are folks saying about that? >> the visual you just showed with the four cabinet members being men, th
i believe in the end jack lew will get confirmed. but i'll tell you this, the reason the white house put off the announcement of jack lew until tomorrow is because of the fiscal cliff. they didn't want it to get involved in the negotiations for the fiscal cliff. they felt that they already had a fight on their hands. they didn't want to add any fuel to the fire on that, which is why they've held off of the nomination until this week. they do expect him to get confirmed and so do i. >>...
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so who is jack lew and what would he do at the treasury department? that is next. >>> plus, the breaking news of aig's decision not to sue the government over its bailout. ali velshi has a lot to say. he's back and he's next. pack your bags, we'll leave tonight. uhh, it's next month, actually... eddie continues singing: to tickets to... paradiiiiiise! no four. remember? whoooa whooaa whooo! you know ronny, folks who save hundreds of dollars by switching to geico sure are happy. and how happy are they jimmy? happier than eddie money running a travel agency. get happy. get geico. fifteen minutes could save you fifteen percent or more. >>> things are looking up for the u.s. economy. let's hope our politicians don't bring it down. from the cnn money newsroom, in new york, i'm ali velshi. this is your money. walmart reverses itself on gun violence meeting. do you know who jack lew is? you will soon. more nightmares on the dreamliner. and america is on track to prosper if we just let it. but, first, that walmart story. the change of heart. vice president jo
so who is jack lew and what would he do at the treasury department? that is next. >>> plus, the breaking news of aig's decision not to sue the government over its bailout. ali velshi has a lot to say. he's back and he's next. pack your bags, we'll leave tonight. uhh, it's next month, actually... eddie continues singing: to tickets to... paradiiiiiise! no four. remember? whoooa whooaa whooo! you know ronny, folks who save hundreds of dollars by switching to geico sure are happy. and how...
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and jack lew, what an interesting signature this man has. if jack lew, president obama's nominee for treasury secretary gets the gig this scribble may be on all of your money. lew may have the most illegible signature of all time. look at it. it's nothing but a doodle. like nine loops in a row. >> that is something my 2-year-old would do. >> on treasury secretary. yesterday president obama assured the world that the american dollar is, in fact, safe. >> i had never noticed jack's signature. and when this was highlighted yesterday in the press, i considered rescinding my offer to appoint him. jack assures me that he is going to work to make at least one lett lett letter legible, should he be confirmed as secretary of treasury. >> this is what his signature would actually look like on the dollar bill. that's just awful. >> is it third grade when they focus on your handwriting skills and penmanship? maybe he can sit in on a class. >> the treasury secretary wants to audit your class. >>> nine minutes past the hour. yesterday we brought you the l
and jack lew, what an interesting signature this man has. if jack lew, president obama's nominee for treasury secretary gets the gig this scribble may be on all of your money. lew may have the most illegible signature of all time. look at it. it's nothing but a doodle. like nine loops in a row. >> that is something my 2-year-old would do. >> on treasury secretary. yesterday president obama assured the world that the american dollar is, in fact, safe. >> i had never noticed...
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first president obama is just nominated jacob jack lew to be the next treasury secretary. lew has been the chief of staff and described as a consummate washington insider. he has done two stints at the office of management and budget. an old cog eel of his told me yet experience makes him the perfect choice for the job right now. >> it is described as the central nervous system and everything of consequence goes through it. it coordinates the branch for the president like the chief operating officer role. in that, jack has been exposed to every type of policy and issue and regulation. it's a huge gambit of issues and terrain that he is an expert on the depth he can bring on a number of issues, especially economic policy. >> that makes lew more than qualified to negotiate the debt debates and republicans in congress. wall street doesn't like him so much. who cares what wall street thinks. to many that makes him more palatable. the president made the right choice with tim geitner because the world was teetering on financial collapse. he knew the ins and outs of wall street a
first president obama is just nominated jacob jack lew to be the next treasury secretary. lew has been the chief of staff and described as a consummate washington insider. he has done two stints at the office of management and budget. an old cog eel of his told me yet experience makes him the perfect choice for the job right now. >> it is described as the central nervous system and everything of consequence goes through it. it coordinates the branch for the president like the chief...
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is jack lew's signature. before he worked at the white house he worked at hostess as a cupcake icer. >> is that your kigt or are you testing to see if the pen works? the only way that you're allowed to have that as your signature is if your name is boing boing boing boing boing. >> perhaps our future treasury secretary. >> that's so funny. thanks, john, appreciate it. >>> lance armstrong, is he going to admit to doping? he's sitting down with oprah next week, his first interview since he was stripped of his seven tour de france titles and banned for life. the rumor is he's going to use that interview to admit he took performance enhancing drugs for years. howard kurtz host of "reliable choices" and lauren ashburn, editor-in-chief of "the daily gallow." nice to talk to both of you. do you think he has to confess if he's going to sit down with oprah? >> what else is he going to do? is he going to talk about his family? he has to do something, right? but the problem is i don't think oprah is oprah anymore. do yo
is jack lew's signature. before he worked at the white house he worked at hostess as a cupcake icer. >> is that your kigt or are you testing to see if the pen works? the only way that you're allowed to have that as your signature is if your name is boing boing boing boing boing. >> perhaps our future treasury secretary. >> that's so funny. thanks, john, appreciate it. >>> lance armstrong, is he going to admit to doping? he's sitting down with oprah next week, his...
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everyone is wondering if jack lew will change what some people call his ridiculous signature. it looks like a slinky that's about to come unhinged. we're getting ahead of ourselves. >>> let's talk about something we know. let's talk who could be taking home an award. >> nominees best performance by an actor in a leading role or. daniel day lewis in "lincoln." denzel washington in "flight." hugh jackman in "les miserables." bradley cooper and joaquim phoenix in "the master." >> we'll have nominees in entertainment and night life expert in about 15 minutes. >>> all right. this bit of news just into us. two school buses kwlieded in new jersey. officials don't think there were children on one from the buses. actually there's conflicting reports. we don't know who was on the bus. we know 16 people were hurt on one of the buses. one of the buses was called an academy bus. one was like a mini school bus. most of the sirs occur on the bigger bus. one flipped on its side the other veered off the roadway into the grass and remained upride. there appears to not be as many injuries
everyone is wondering if jack lew will change what some people call his ridiculous signature. it looks like a slinky that's about to come unhinged. we're getting ahead of ourselves. >>> let's talk about something we know. let's talk who could be taking home an award. >> nominees best performance by an actor in a leading role or. daniel day lewis in "lincoln." denzel washington in "flight." hugh jackman in "les miserables." bradley cooper and joaquim...
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now my colleague, gloria borger, saying that president obama will be nominating jack lew as treasury secretary and that that announcement is expected sometime this week. this had been widely expected, jack lew, who has worked in a couple of administrations as the budget chief. he also worked on wall street. we've done some reporting on concerns about his experience not only from those on wall street but also some progressive groups. nonetheless, the president expected to nominate someone who he has talked about as a trusted confidante, someone who has worked very hard in trying to right the ailing economy. according to this source, the president expected to nominate him to be the next treasury secretary, and that announcement expected sometime this week. >> all right. well, thank you for that, dan. and nice quick work, i might add as well. and by the way, for our audience who might not know a lot about jack lew, the white house chief of staff, there is actually a very extensive background on this man. he has been the leading contender. without further ado, have a listen to all of the
now my colleague, gloria borger, saying that president obama will be nominating jack lew as treasury secretary and that that announcement is expected sometime this week. this had been widely expected, jack lew, who has worked in a couple of administrations as the budget chief. he also worked on wall street. we've done some reporting on concerns about his experience not only from those on wall street but also some progressive groups. nonetheless, the president expected to nominate someone who he...
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jack lew used to be chief of staff. obama's like, look, my first term i was getting all the people to make america happy. now i'm getting people to do what i want them to do. a lot of people didn't like how fiter in did the job so obama is putting his own thumb on this one. >> people said he's too much like the president or backing his policies. i thought isn't that why you pick people for your cabinet? >> exactly. that's what barack obama wants to do. he is now safe. he doesn't have to worry about running ever again. so he's like, look, i'm going to put my stamp on america whether you like it or not. >> a lot has been said about this, that in many ways the new cabinet, the high posts are older white men, not reflective of american society. there have been a number of women that have clearly -- >> yeah. >> secretary of state chief among them. how significant is this? >> let's be honest about america and washington. the republicans want to say most of the america is still run by old white guys. that's the truth. not surp
jack lew used to be chief of staff. obama's like, look, my first term i was getting all the people to make america happy. now i'm getting people to do what i want them to do. a lot of people didn't like how fiter in did the job so obama is putting his own thumb on this one. >> people said he's too much like the president or backing his policies. i thought isn't that why you pick people for your cabinet? >> exactly. that's what barack obama wants to do. he is now safe. he doesn't...
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we have jack lew for u.s. treasury who we already have -- we see very stiff opposition to. and the president surely knew that going in. there have been reports that mr. lew was quite controversial when it came to the debt ceiling negotiation, that the other side did not find him to be sort of someone negotiating in good faith. he went on sunday shows, said the budget needed 60 votes to pass, for example, which is clearly -- it's either intentionally misleading, or he doesn't understand the legislative process. then of course you have chuck hagel. there is controversy on both the left and the right, rather right and the left over that nomination. so this president, it seems like he's pushing the envelope with these nominees. and your producers also pointed out no women. >> been called the band of brothers, a couple of articles have described it that way. maria, what's your take? >> well, i'm not worried about the "controversial nature" of these appointees. i think they will get through. and the white house feels pretty confident that they will get through. but i absolutely a
we have jack lew for u.s. treasury who we already have -- we see very stiff opposition to. and the president surely knew that going in. there have been reports that mr. lew was quite controversial when it came to the debt ceiling negotiation, that the other side did not find him to be sort of someone negotiating in good faith. he went on sunday shows, said the budget needed 60 votes to pass, for example, which is clearly -- it's either intentionally misleading, or he doesn't understand the...
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even the president joked about jack lew's loopy signature saying he better make it more readable before it's printed on u.s. dollar bills. listen to what some of the professional comics are saying. >> that's your signature? or are you just testing to see if the pen works? hey, lew, here's a tip, stop signing all your checks on the teacup ride at disney world. the only way you're allowed to have that as your signature is if your name is boyoyoyong. >> he worked at hostess as a cupcake icer, and now he's -- it's good. it's about time our bills look like they were signed by a roomba. >> our bills should have nothing ridiculous on it, just old men in wigs and pyramids with eyes. is this even a signature? or did he start drawing charlie brown and give up after the hair? good grief. and it got no better when lew explained his fiscal philosophy saying, quote, i described budgets as tapestry, when it's woven together our picture amounts to the hopes and dreams of a nation. >> that is so funny. let's check in with erin burnett, coming up at the top of the hour. i guess you're going in-depth on t
even the president joked about jack lew's loopy signature saying he better make it more readable before it's printed on u.s. dollar bills. listen to what some of the professional comics are saying. >> that's your signature? or are you just testing to see if the pen works? hey, lew, here's a tip, stop signing all your checks on the teacup ride at disney world. the only way you're allowed to have that as your signature is if your name is boyoyoyong. >> he worked at hostess as a...
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host: jack lew coming in, and he was the president's point person. does that give you any confidence on budgets considering his background? caller: no, his background is just as bad. he practiced law for a few years, but he is basically a politician who used to work for tip o'neill. he does not care anything about economic growth. when the you hear any obama administration official talking about economic growth? that is what is needed, not more government programs that just run up debt. who is going to pay the debt back? host: ran on the independent line. caller: i am calling about timothy geithner exactly and the whole federal resolve -- reserve, for that matter. people are making like me of timothy geithner 0 in tax money. i do not make lightly of that. he came in a 0 in tax money knowing that he owed tax money. he was thinking he was above it anyway. that is one point. the second, our unemployment rate is sky-high under timothy geithner. the national debt is sky high under timothy geithner. third, we have lost our national credit rating, our world
host: jack lew coming in, and he was the president's point person. does that give you any confidence on budgets considering his background? caller: no, his background is just as bad. he practiced law for a few years, but he is basically a politician who used to work for tip o'neill. he does not care anything about economic growth. when the you hear any obama administration official talking about economic growth? that is what is needed, not more government programs that just run up debt. who is...
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i have the greatest respect for jack lew. i know him as a man of exceptional judgment, calm under pressure, with an extraordinary record of experience over the decades. he is committed to defending the safety net for the elderly and the pour. he understands what it takes to create conditions for broader economic growth and opportunity. and he understands that to govern responsibly is to govern with the recognition that we have limited fiscal resources. like jack, i have spent my professional life in this world of public policy and public service. as all of you know, our family carried a large share of the burden that we share in public like. i am incredibly proud that my family have been willing to allow me to do this and i think them for their support and their patients, and i understand there are occasional impatience. [laughter] i want to express my admiration for the men and women of the treasury department. those who serve you during these years of crisis, and the civil servants of the treasury, with whom i started worki
i have the greatest respect for jack lew. i know him as a man of exceptional judgment, calm under pressure, with an extraordinary record of experience over the decades. he is committed to defending the safety net for the elderly and the pour. he understands what it takes to create conditions for broader economic growth and opportunity. and he understands that to govern responsibly is to govern with the recognition that we have limited fiscal resources. like jack, i have spent my professional...
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are you saying that -- or would you say that rob nabors, gene sperling, jack lew, whoever replaces jack lew -- none of these people will now go to the hill to talk debt ceiling? are you saying that biden will not meet with mcconnell to talk debt ceiling? are you saying that the president will not invite leaders from both chambers of congress to the white house to talk debt ceiling? >> yes. we will not negotiate over raising the debt ceiling. as the president said, he has demonstrated repeatedly that he is willing to compromise when it comes to moving forward with deficit reduction. we obviously because of the sequester and the cr and other issues have economic, budgetary, and fiscal challenges that we need to confront, and that requires discussion and negotiation with congress. but he will not negotiate over the fundamental responsibility that only congress has to raise the debt ceiling. and if that is a responsibility that is just too onerous for them to bear, they should pass it off to the president as they did previously. he will not negotiate over raising the debt ceiling. this is n
are you saying that -- or would you say that rob nabors, gene sperling, jack lew, whoever replaces jack lew -- none of these people will now go to the hill to talk debt ceiling? are you saying that biden will not meet with mcconnell to talk debt ceiling? are you saying that the president will not invite leaders from both chambers of congress to the white house to talk debt ceiling? >> yes. we will not negotiate over raising the debt ceiling. as the president said, he has demonstrated...
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the nominee, what house chief of staff jack lew. if confirmed by the senate, he would replace tim geithner. some complain that he is too unyielding in past fiscal negotiations, specifically alabama senator jeff sessions. he says, "jack lew must never be treasury secretary." adding, "any loan disqualifies." senator sessions is not saying yet whether he will filibuster the nomination. president obama will make the announcement at 1:30 p.m. eastern time, and you can hear it live on c-span radio or watch on c-span. meanwhile, labor secretary bill the sully's is resigning, saying she returns -- labor secretary hilda solis is resigning. responding to the news, president obama called her a tireless champion for working families. the white house says that attorney general eric holder, health and human services secretary kathleen sebelius, and -- will remain at their posts. a new rule on mortgages. the aim is to return -- for the first time, federal regulators are laying out rules to ensure mar words can afford to pay the cost of the mortgag
the nominee, what house chief of staff jack lew. if confirmed by the senate, he would replace tim geithner. some complain that he is too unyielding in past fiscal negotiations, specifically alabama senator jeff sessions. he says, "jack lew must never be treasury secretary." adding, "any loan disqualifies." senator sessions is not saying yet whether he will filibuster the nomination. president obama will make the announcement at 1:30 p.m. eastern time, and you can hear it...
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i have the greatest respect for jack lew. i know him as a man of exceptional judgment, calm under pressure, with an extraordinary record of experience over the decades. at the center for american economic policy. he is committed to defending the safety net for the elderly and the pour. he understands what it takes to create conditions for broader economic growth and opportunity. and he understands that to govern responsibly is to govern with the recognition that we have limited fiscal resources. like jack, i have spent my professional life in this world of public policy and public service. as all of you know, our family carried a large share of the burden that we share in public like. i am incredibly proud that my wife and my family have been willing to allow me to do this and i think them for their support and their patience, and i understand their occasional impatience. [laughter] i want to express my admiration for the men and women of the treasury department. those who serve you during these years of crisis, and the civil
i have the greatest respect for jack lew. i know him as a man of exceptional judgment, calm under pressure, with an extraordinary record of experience over the decades. at the center for american economic policy. he is committed to defending the safety net for the elderly and the pour. he understands what it takes to create conditions for broader economic growth and opportunity. and he understands that to govern responsibly is to govern with the recognition that we have limited fiscal...
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secondly, i will say that jack lew, who is the president's head chief of staff has been and continues to be an extremely valuable adviser to the president. over the past more than a quarter of a century, jack lew has been an integral part of some of the most important budgetary, financial and fiscal agreements, a bipartisan agreement in washington. he was there when social security was reformed under president ronald reagan. he was there when tax reform passed at the table in the 1980's. he was the cabinet level director of omb for president clinton when our budget was balanced for the first time in a generation, and she served also as you know as deputy secretary of state and has again served as the omb director overseeing some very important agreements and playing a major role in achieving them president obama and now the last year has been a remarkably capable chief of staff. >> i just thought i would say that about jack. [laughter] [inaudible] not that i'm aware of. >> how does the president of view the role of the treasury secretary? they have a different set of obstacles and cha
secondly, i will say that jack lew, who is the president's head chief of staff has been and continues to be an extremely valuable adviser to the president. over the past more than a quarter of a century, jack lew has been an integral part of some of the most important budgetary, financial and fiscal agreements, a bipartisan agreement in washington. he was there when social security was reformed under president ronald reagan. he was there when tax reform passed at the table in the 1980's. he was...
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jack lew is not that man. we heard the announcement live on c-span, and it's available to watch on c-span.org. >> if you ask how many are self-identified libertarians, those who describe themselves as libertarian, depending which poll, could be 10%-15%. if you ask questions like, if you give people a battery of questions about different ideological things, like, do you believe in x or y? you track those to different ideologies, then depending on which poll, you get up to 30% of americans calling themselves libertarians. are you economically conservative but socially liberal, over half of americans say that's what they are. now, that said, just because people say these things, doesn't mean they really believe them. if you ask americans do you want smaller government, they say yes. if you want government to spend less money, they say yes. but if ask them to make cuts, they don't want to cut anything. it's not clear if they really believe in it. best on the data i have in writing the book, i say roughly somewhere
jack lew is not that man. we heard the announcement live on c-span, and it's available to watch on c-span.org. >> if you ask how many are self-identified libertarians, those who describe themselves as libertarian, depending which poll, could be 10%-15%. if you ask questions like, if you give people a battery of questions about different ideological things, like, do you believe in x or y? you track those to different ideologies, then depending on which poll, you get up to 30% of americans...
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jack lew is going to the treasury. for those of you who can make out his signature here, that's jack lew's signature. it looks sort of like a drunk caterpillar there. that will be on your flat money. it looks just like this. jack lew's signature. like a shock test if you look at it the right way. that's one nomination. other nominations that we've had here recently. we wanted to talk to juana summers about. let's start with john brennan. john brennan to the c.i.a. how are republicans going to take this? because we've already seen some opposition to him. >> as expected, a lot aren't taking it very well. they say he still has questions to answer about harsh interrogation tactics from the bush era. he hasn't answered that. lindsey graham the other night speaking on fox news that suggested he wants to put a hold on brennan's nomination. use that as leverage so he can get the answers that he and his republican colleagues, kelly ayotte, john mccain have been pushing for from clinton from the obama administration and the atta
jack lew is going to the treasury. for those of you who can make out his signature here, that's jack lew's signature. it looks sort of like a drunk caterpillar there. that will be on your flat money. it looks just like this. jack lew's signature. like a shock test if you look at it the right way. that's one nomination. other nominations that we've had here recently. we wanted to talk to juana summers about. let's start with john brennan. john brennan to the c.i.a. how are republicans going to...
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tell me the problem with jack lew. >> so much problems, so few time. the first thing is a lock of integrity. it isn't even so much that he worked for wall street. it's that he was in charge of o.m.d. for president clinton and was one of the important architects of financial deregulation. that's why he's not willing to admit that, because his fingerprints are all over what caused the crisis. >> cenk: so that's interesting. >> if you don't ever integrity you don't get anything. >> cenk: he's part of the guys who deregulate the banks. he goes to the banks gets paid millions of dollars at those banks that deregulation causes those banks to crash. becoming the director of the office of management and budget, then chief of staff now secretary treasury. it's almost as if they reward failure in washington. >> it's not almost. i said this about geithner, that he was selected precisely because he had a track record of consistent failure and louis a worthy successor. on every important financial issue, he has been as wrong as it is possible to be wrong he's cause
tell me the problem with jack lew. >> so much problems, so few time. the first thing is a lock of integrity. it isn't even so much that he worked for wall street. it's that he was in charge of o.m.d. for president clinton and was one of the important architects of financial deregulation. that's why he's not willing to admit that, because his fingerprints are all over what caused the crisis. >> cenk: so that's interesting. >> if you don't ever integrity you don't get anything....
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. >> cenk: jack lew. >> jennifer: oh, i see you're going to fry him. he's not a guest. >> cenk: no. >> jennifer: cenk, cenk, cenk, honestly he's good guy. >> cenk: we're going to talk to william black, one of the regulators on the s & l crisis. he thinks jack lew having worked for the banks is a significant issue. we'll talk about that. i want to talk about progressive victories as well, and victory after victory is the gay rights groups, which is great. they had an anti-gay pass taken out of the inauguration. how did they do it? i think a lot of progressives can learn from the gay rights movement. and then the press conference on guns control was interrupted by a gun shooting. >> jennifer: yes, i'm interested in the pastor who was pulled out. it's interesting how it was phrased, he decided to pull himself out but there is a lot going on behind the scenes and that's what you're looking at. >> cenk: absolutely. anyone who withdraws, oh i didn't want to cause a distraction, but normally it's the progressives who is withdrawing. how do progressives get th
. >> cenk: jack lew. >> jennifer: oh, i see you're going to fry him. he's not a guest. >> cenk: no. >> jennifer: cenk, cenk, cenk, honestly he's good guy. >> cenk: we're going to talk to william black, one of the regulators on the s & l crisis. he thinks jack lew having worked for the banks is a significant issue. we'll talk about that. i want to talk about progressive victories as well, and victory after victory is the gay rights groups, which is great. they...
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lew as his next treasury secretary. he would be replacing timothy geithner who has made it clear he plans to step down by the end of january. lew twice has been the director of the office -- excuse me, the office of management and budget. did his bit on wall street as managing director of citigroup. easier to be than say apparently. if selected and confirmed lew has the task of taking on raising the debt ceiling. we're back after the break. commercials? those types are coming on to me all the time now. (vo) she gets the comedians laughing and the thinkers thinking. >>ok, so there's wiggle room in the ten commandments, that's what you're saying. you would rather deal with ahmadinejad than me. >>absolutely. >> and so would mitt romney. (vo) she's joy behar. >>and the best part is that current will let me say anything. what the hell were they thinking? >> announcer: ladies and gentlemen, it's "the stephanie miller show." ♪ i'm walkin' on sunshine ♪ ♪ i'm walkin' on sunshine ♪ ♪ and it's time to feel good ♪ ♪
lew as his next treasury secretary. he would be replacing timothy geithner who has made it clear he plans to step down by the end of january. lew twice has been the director of the office -- excuse me, the office of management and budget. did his bit on wall street as managing director of citigroup. easier to be than say apparently. if selected and confirmed lew has the task of taking on raising the debt ceiling. we're back after the break. commercials? those types are coming on to me all the...
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what about now with jack lew? brian jacobson chief portfolio strategist at wells fargo joining us now from milwaukee wisconsin. at first look, what do you think? >> well, i think this is an example where we will probably see history not necessarily repeat but it will most likely rhyme with what happened when geithner made his first speech. i'm not all that confident that lew is going to be a good replacement for geithner. i think he's not a very unifying individual. he's more of a polarizing figure. and it makes it more likely that the next two years until the midterm elections that we could see more battles and skirmishes in washington, d.c. as opposed to fewer. dagen: what would you like to see as a stock investor? >> a treasury secretary who is more focused on building compromise. but think the lesson we learned in the debate last year when there was discussion about debt ceiling is that lew is one of these types of individuals who very politically savvy but that doesn't necessarily equate to being a statesman
what about now with jack lew? brian jacobson chief portfolio strategist at wells fargo joining us now from milwaukee wisconsin. at first look, what do you think? >> well, i think this is an example where we will probably see history not necessarily repeat but it will most likely rhyme with what happened when geithner made his first speech. i'm not all that confident that lew is going to be a good replacement for geithner. i think he's not a very unifying individual. he's more of a...
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jack lew gets the nod for new treasury secretary. senator jeff sessions is outraged and vowing to block lew's senate confirmation. he will join us to explain why. >>> why this flu epidemic is making our economy sick. experts say we're looking at a possible $10 billion hit on the economy from the flu. that is what we need. details are coming up. >>> how much is an oscar really worth to a movie? the 2013 academy award nominees are out. studios dropped 10 of millions of dollars on their oscar campaigns. a top industry expert is here to crunch the numbers. even when they say it's not, it is always about money. melissa: we start today with another school shooting. it happened at taft union high school in california. one student was shot. the sheriff says they have one suspect in custody. makes the meetings on gun control today, on capitol hill even more urgent. the fact that vice president joe biden met with the nra and other gun rights activists on possible new federal regulation. at the same time attorney general eric holder was talking
jack lew gets the nod for new treasury secretary. senator jeff sessions is outraged and vowing to block lew's senate confirmation. he will join us to explain why. >>> why this flu epidemic is making our economy sick. experts say we're looking at a possible $10 billion hit on the economy from the flu. that is what we need. details are coming up. >>> how much is an oscar really worth to a movie? the 2013 academy award nominees are out. studios dropped 10 of millions of dollars...
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in terms of whether jacks lew changes anything, you're right the president makes the policy. now, sometimes you can have a treasury secretary that can have an influence like if you have a robert ruben kind of person who had a heavy influence on bill clinton and got him to see how important reducing the deficit was. but obama seems to choose people who are just going to execute, not actually make policy. stuart: okay. dream on kirsten, dream on. i've got to break in for a second. news just in from the news conference for the f.a.a. secretary ray lahood has been holding. >> we believe this is a safe aircraft, talking about the 787 dreamliner, of course referring to the boeing dreamliner, saying look, it's safe. this is what the f.a.a. is saying at the news conference, announcing the review of the dreamliner and that's the conference held right now. boeing stock is down a buck and a half on that. now this: snow in jerusalem, lowest temperature there in decades. lowest temperature in china in three decades. however, the u.s. saw its warmest year on record last year and we've got
in terms of whether jacks lew changes anything, you're right the president makes the policy. now, sometimes you can have a treasury secretary that can have an influence like if you have a robert ruben kind of person who had a heavy influence on bill clinton and got him to see how important reducing the deficit was. but obama seems to choose people who are just going to execute, not actually make policy. stuart: okay. dream on kirsten, dream on. i've got to break in for a second. news just in...
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a source familiar with the process tells fox the reason is jack lew has that the president cited decided a major budget fis with republicans on the debt ceiling and recently somewhat perverted fiscal cliff, also budget director under president bill clinton and obama known as someone with a very deep knowledge of budgeting. before joining the obama administration, he was a chief f operating officer at the citigroup alternative investments unit reported lost money to do that, although it earned profits from betting against the subprime mortgage market and will be if the fed to confirm him in one predicts very contentious process. >> it is a bumpy confirmation process. many people have no secure treasury will tell them the truth both of financial conditions of this country and lay out a plan that can be analyzed and studied it will hold up under scrutiny. they haven't done that from the white house yet. he has had a failure to lead. speaking of the republican complaint, difficult to work with during 2011 debt ceiling debate, probably a plus for the president. i do. cheryl: probably why he d
a source familiar with the process tells fox the reason is jack lew has that the president cited decided a major budget fis with republicans on the debt ceiling and recently somewhat perverted fiscal cliff, also budget director under president bill clinton and obama known as someone with a very deep knowledge of budgeting. before joining the obama administration, he was a chief f operating officer at the citigroup alternative investments unit reported lost money to do that, although it earned...
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jack lew, the current white house chief of staff. the nomination not without controversy, as most are not these days. mr. lew's reputation truly precedes him in this case. some in the senate as seeing him overly rigid -- the senate and the house on capitol hill see him overly rigid. wyoming senator john bros. sew is chairman of the foreign policy committee. nice to have you back on the program. >> thank you, jenna. jenna: i was looking at a report from bob woodward, speaker boehner apparently told woodward that he asked the president to keep jack lew at the white house, to not send him to capitol hill because he was tired of hearing the word "no" so many times. what's your reaction to this nomination if. >> well, jack lew is very partisan, and he's very political. but the fundamental problem, jenna, are are the president's policies and the president's addiction to spending. to me, that's the bigger issue. wewe are $16 trillion in debt, t is the greatest threat to our national security, and yet jack lew and the president think that sp
jack lew, the current white house chief of staff. the nomination not without controversy, as most are not these days. mr. lew's reputation truly precedes him in this case. some in the senate as seeing him overly rigid -- the senate and the house on capitol hill see him overly rigid. wyoming senator john bros. sew is chairman of the foreign policy committee. nice to have you back on the program. >> thank you, jenna. jenna: i was looking at a report from bob woodward, speaker boehner...
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. >> up next, jack lew treasury secretary. i don't think they're going to mint the twin dollar coin. if that do they will put a squiggly on top and squall -- call it a day. ÷÷ >> shepard: 14 minutes before the hour now on "studio b." the president nominating his current chief of staff, jack lew, to replace tim geithner. before jack lew joined the white house administration he served as the chief operating officer of citigroup's global wealth management and served as president bill clinton's budget director and crafted a bipartisan agreement that sparked budget surpluses. the president said the loss of jack lew as his chief of staff will be the country's gain. >> i trust his friendship, very few people with greater integrity than the man to my left. so i don't want to see him go because it's working out well for me to have him here in the white house. >> shepard: but he already had some strong opposition. especially from the top republican lawmaker, jack session, who said, jack lew must never be secretary of the treasury. w
. >> up next, jack lew treasury secretary. i don't think they're going to mint the twin dollar coin. if that do they will put a squiggly on top and squall -- call it a day. ÷÷ >> shepard: 14 minutes before the hour now on "studio b." the president nominating his current chief of staff, jack lew, to replace tim geithner. before jack lew joined the white house administration he served as the chief operating officer of citigroup's global wealth management and served as...
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here at home, there could be a quirky consequence to jack lew as new treasury secretary. we'll show you what that is later in the grapevine. up next no, tea party in boston. as flu hammers the bay state. meet the 5-passenger ford c-max hybrid. when you're carrying a lot of weight, c-max has a nice little trait, you see, c-max helps you load your freight, with its foot-activated lift gate. but that's not all you'll see, cause c-max also beats prius v, with better mpg. say hi to the all-new 47 combined mpg c-max hybrid. >> bret: the flu outbreak affecting much of the united states is jamming emergency rooms and keeping people from work and school. the map is amazing. massachusetts is feeling it now. correspondent molly line is in boston tonight. >> 700 cases of the flu compared to 70 this time last season, most are trying to deal with massive influx of patients. >> i am declaring a public health emergency in city of boston. >> reporter: the mayor is joining with health officials to sound the alarm. >> we have a terrible problem on our hand with a lot of people sick with flu
here at home, there could be a quirky consequence to jack lew as new treasury secretary. we'll show you what that is later in the grapevine. up next no, tea party in boston. as flu hammers the bay state. meet the 5-passenger ford c-max hybrid. when you're carrying a lot of weight, c-max has a nice little trait, you see, c-max helps you load your freight, with its foot-activated lift gate. but that's not all you'll see, cause c-max also beats prius v, with better mpg. say hi to the all-new 47...
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that is not going to be a good enough answer for jack lew. bill: we'll get sessions on the air starting next week. we'll see who else is on his side. stephen hayes, thank you. >> thanks, bill. bill: in washington with us today. martha, what's next? martha: what's next is this. we're waiting for new numbers. they're expected to come out in the next hour or so to the extent of this deadly spread of the flu outbreak and there are some new questions whether enough is being done to protect schools with all this. we'll tell you the length of some schools are going to now to disinfect. bill: more than washing your hand, huh? if you saw a pair of men walking through your neighborhood carrying assault rifles what would you do? two guys exercising their second amendment rights here. >> we were educating, letting people know they can come up and talk to us. we're very friendly, said hi to people. we let people know that guns are not bad things. ♪ [ male announcer ] some day, your life will flash before your eyes. make it worth watcng. introducing the
that is not going to be a good enough answer for jack lew. bill: we'll get sessions on the air starting next week. we'll see who else is on his side. stephen hayes, thank you. >> thanks, bill. bill: in washington with us today. martha, what's next? martha: what's next is this. we're waiting for new numbers. they're expected to come out in the next hour or so to the extent of this deadly spread of the flu outbreak and there are some new questions whether enough is being done to protect...
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confirmed as quickly as possible, saying that jack lew has his complete trust. as i mentioned, this may be a battle. it may be a bit of a battle because some top folks are raising objections to jack lew who made his fair share of enemies in his time of chief of staff and we'll see how that proceeds. dana perino is still here with us. now we have it, it's official, another white male appointed to the cabinet and we were talking about this during the break. is it -- are we in an uncomfortable place we look the at the top cabinet people saying, women or not? minorities or not? and judging them by that? is that, is that in and of itself sort of affront to women. when we deserve to be there in mass numbers, we'll be there in mass numbers. or a situation in the country where women are still moving up the the halls of power? we haven't been, you know, equal pay or close to it, and in circles of power and we look at law schools and med schools for that long. we're still trekking upward. >> yes, so a lot of, i think back to my great-grandmother, who wasn't allowed to vot
confirmed as quickly as possible, saying that jack lew has his complete trust. as i mentioned, this may be a battle. it may be a bit of a battle because some top folks are raising objections to jack lew who made his fair share of enemies in his time of chief of staff and we'll see how that proceeds. dana perino is still here with us. now we have it, it's official, another white male appointed to the cabinet and we were talking about this during the break. is it -- are we in an uncomfortable...
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that is not to say jack lew doesn't fit in the treasury secretary box. i just thought now might be a good time for the president to pull a clin con and think outside the box -- pull a lincoln and think outside the box. not with another predictablebe yes man who will continue to do the president's bidding but an outside businessman who might threate challenge the president's thinking. lincoln dared to break from the comfort zone picking a cabinet that might make lesser leaders feel well, not so comfortable. but it didn't make lincoln any less a leader from the folks who challenge him, it made hit more of one. it seemed sad that this day a movie that heralded that president is found so significant that our latest president adds to a cabinet that increasingly seems so insignificant. but hope springs eternal. you know, the average can surprise you. well, you know, for feeling the beat, to giving d.c. the finger, allen simpson like you have never seen him before. 8:00 p.m. on fox business network. it's a new year. maybe this is one resolution if you have yet
that is not to say jack lew doesn't fit in the treasury secretary box. i just thought now might be a good time for the president to pull a clin con and think outside the box -- pull a lincoln and think outside the box. not with another predictablebe yes man who will continue to do the president's bidding but an outside businessman who might threate challenge the president's thinking. lincoln dared to break from the comfort zone picking a cabinet that might make lesser leaders feel well, not so...
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jack lew came to d.c. in 1973, 40 years ago and has experience all over town at the office of management and budget, at the state department, in the private sector at citibank and new york university. a white house official passed this along they said throughout his career jack lew has proven a successful and effective advocate for middle class families who can build bipartisan consensus to implement proved policies. jeff sessions from alabama says he does not think jack lew's nomination will be successful. he is steamed that lew appeared before congress two years ago and testified that president obama's budget would not add to the national debt. sessions says and this is a quote. at this time of unprecedented slow growth, high unemployment and huge deficits we need a secretary of treasury that the american people, the congress, and the world will know is up to the task of getting america on the path to prosperity, not the path to decline. jack lew is not that man. if lew's nomination is successful his sig
jack lew came to d.c. in 1973, 40 years ago and has experience all over town at the office of management and budget, at the state department, in the private sector at citibank and new york university. a white house official passed this along they said throughout his career jack lew has proven a successful and effective advocate for middle class families who can build bipartisan consensus to implement proved policies. jeff sessions from alabama says he does not think jack lew's nomination will...
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president nominated jack lew as the treasury secretary. it has been met with vigorous opposition by some on capitol hill. we'll have report and analysis from brit hume. 14 died in boston and 18 in state of massachusetts as the nationwide flu outbreak continues. we have a live report. "special report" starts at 6:00 eastern. now back to new york and my colleagues with "the five." ♪ ♪ >> eric: welcome back. i've been asking the question is american culture in declin decline. first up, scott thompson, english teacher is accused of pulling the flag off the wall and stomping on it in front of students feoffment speech or is american culture in decline. bob, taking the flag off the wall, stomping on it in front of kids? >> bob: it's terrible. i think there are laws against defacing a flag. not sure that he is not in that territory. to do it in front of kids, i'm not sure what the point was. he said it's cloth. it's more than cloth. represents a lot of thing. >> kimberly: fire him. this is outrageous. i would be so angry i would literally pro
president nominated jack lew as the treasury secretary. it has been met with vigorous opposition by some on capitol hill. we'll have report and analysis from brit hume. 14 died in boston and 18 in state of massachusetts as the nationwide flu outbreak continues. we have a live report. "special report" starts at 6:00 eastern. now back to new york and my colleagues with "the five." ♪ ♪ >> eric: welcome back. i've been asking the question is american culture in declin...
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. >>> president obama nominating jack lew to be the next secretary of the treasury. the president said it almost didn't happen when he saw what would be the new signature on the dollar of the wallet. i considered rescinding my offer to appoint him. jack assures me he is going to work to make at least one letter legible in order not to de face our currency. >> if that silly loopy signature looks familiar it looks like the top of a hostess cupcake. too bad you can't still buy them. >> curbing gun violence. >> their talks had more to do with attacking the amendment than the violence. we have more on this. hi there, peter. >> hi heather. the national rifle association was not happy after the meeting with the gun task force yesterday. the statement made it clear they do not intend to take the task force's recommendations laying douvenlt here it is. we were disappointed with how little this meeting had to do with keeping our children safe and how much it had to do with an agenda to attack the second amendment while claiming no policy's proposals would be prejudice. they sp
. >>> president obama nominating jack lew to be the next secretary of the treasury. the president said it almost didn't happen when he saw what would be the new signature on the dollar of the wallet. i considered rescinding my offer to appoint him. jack assures me he is going to work to make at least one letter legible in order not to de face our currency. >> if that silly loopy signature looks familiar it looks like the top of a hostess cupcake. too bad you can't still buy them....
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chief of staff jac jack lew was nominated as the secretary of treasury. a let of question about his signature. this is a grown man. this is his signature, doesn't resemble anything. president obama had a great joke about it today. bob and i were talking today, i realize bob was eating his lunch where the signature came from. checkbe this out. this is what bob eats for lunch. >> kimberly: that is why we have healthy snacks. okay. now we have a cute video here. if bill maher pays up. >> we have a new rule that suppose perhaps trump had been the spawn of his mother having sex with an orangutan. unless he comes up with proof, i am willing to offer $5 million to donald trump -- if he will come, that he can donate to a charity of his choice. >> kimberly: pay up. guess what, what did trump do? he had his lawyer right away. send et over. provide the proof he is in fact the son of fred trump. now what are you going to do? put your money where your mouth is. good one. >> andrea: do you believe in angels? i do. these pictures will make you believe. up with of the ma
chief of staff jac jack lew was nominated as the secretary of treasury. a let of question about his signature. this is a grown man. this is his signature, doesn't resemble anything. president obama had a great joke about it today. bob and i were talking today, i realize bob was eating his lunch where the signature came from. checkbe this out. this is what bob eats for lunch. >> kimberly: that is why we have healthy snacks. okay. now we have a cute video here. if bill maher pays up....